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Fortune
Fortune
Diane Brady

CoreWeave CEO Michael Intrator on capital markets vs the media

Michael Intrator CoreWeave Mike Intrator Nvidia Diane Brady IPO Nasdaq
NEW YORK, NEW YORK - MARCH 28: Mike Intrator, Chief Executive Officer and founder of CoreWeave, speaks during the company's Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Cloud Based Artificial Intelligence Computing Company CoreWeave had its IPO this morning with its shares listed at $40. The company provides access to Nvidia graphics processing units for artificial intelligence training and workloads. (Photo by Michael M. Santiago/Getty Images)
  • In today’s CEO Daily: Diane Brady talks to CoreWeave CEO Michael Intrator.
  • The big story: Markets fall worldwide as tariff “Liberation Day” approaches.
  • The markets: It’s grim out there.
  • Analyst notes from UBS, Bank of America, EY, and Apollo on tariffs and the economy.
  • Plus: All the news and watercooler chat from Fortune.

Good morning. The performance of an IPO can reflect broad market sentiment or narrow investor enthusiasm for the company being listed—or a bit of both. There were a lot of eyes on CoreWeave’s Nasdaq debut on Friday, which closed flat at its scaled-back IPO price of $40 a share. Some saw the underwhelming performance of the Nvidia-backed AI cloud-computing provider as a bad sign for tech IPOs and AI, while others, including my colleague Jeremy Kahn, believe the reaction to CoreWeave reflects the challenges of being CoreWeave. 

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